Ivan Serrano 's Entries

• 20 Sep 2018
  How to Make the Most of a Staggering Windfall

  Lots of millennials are about to come into a lot of cash in the near future. Okay, in the next 20 to 30 years. Baby boomers are about to offload most of their wealth to their children – a study by Accenture says between $1 $3 trillion will be transferred to heirs by 2050. Question: are the recipients ready to handle such amounts and if not, how can they make the most of each coin? Do Nothing First order of business as told by experts: do nothing at least for the first few months. Financial advisors reckon that upon receiving a huge sum of money, most people are likely to make hasty decisions. So, take a few deep breaths and do nothing until you are mentally ready to make sound decisions. Go on holiday, even, to sort out your thoughts. An inheritance is different from rotary wins in that an heir knows the person who bequeathed them personally. In this regard, they are less likely to spend the money poorly. List your Plans You have all the money you ever wanted – or at least a little of it. What are your plans with it? While away on holiday or in the first month of receiving the inheritance, experts advise that you make four lists. The first is a safety measure – the cash you will set aside for medical and life insurance, personal use and such expenses; Fun – your planned vacations and other escapades; the future – portion set aside for investment; and cushion – money for emergencies. You want to ensure there is money for each of this categories and if you are so inclined, you could send some of it to charity. Pay off Debts If you have any debts, this is the best time to pay them off. You may never have cash of this magnitude again and so you want to be free of any encumberment. Also, note that you don’t have to make advance payments just because you have the cash. If your mortgage is payable in five years, you could invest this cash into a plan equivalent of this period then take out potions of it to pay off the mortgage as it becomes due. An expert advises on thinking income instead of assets. Think of the inheritance as a certain amount of money for the next so many years instead of a lump sum – say $40,000 a year instead of $1.2 million. This perspective helps when planning on his to spend your new wealth. Fund an Idea You may not have a solid business plan but others could, and so here is your chance to be a venture capitalist. It comes with its tax benefits too, so you will be saving some and making money at the same time. There is no shortage of ventures that could use funding, such as upcoming web design firms that offer futuristic solutions. Have Fun! While making all these plans, don’t forget to have fun! You don’t have to live in squalor because you are too scared to spend what you have already earned. As long as the future is secure, you can have fun with what’s left.

  57073 Posted by Ivan Serrano
• By Ivan Serrano

  How to Make the Most of a Staggering Windfall

  Lots of millennials are about to come into a lot of cash in the near future. Okay, in the next 20 to 30 years. Baby boomers are about to offload most of their wealth to their children – a study by Accenture says between $1 $3 trillion will be transferred to heirs by 2050. Question: are the recipients ready to handle such amounts and if not, how can they make the most of each coin? Do Nothing First order of business as told by experts: do nothing at least for the first few months. Financial advisors reckon that upon receiving a huge sum of money, most people are likely to make hasty decisions. So, take a few deep breaths and do nothing until you are mentally ready to make sound decisions. Go on holiday, even, to sort out your thoughts. An inheritance is different from rotary wins in that an heir knows the person who bequeathed them personally. In this regard, they are less likely to spend the money poorly. List your Plans You have all the money you ever wanted – or at least a little of it. What are your plans with it? While away on holiday or in the first month of receiving the inheritance, experts advise that you make four lists. The first is a safety measure – the cash you will set aside for medical and life insurance, personal use and such expenses; Fun – your planned vacations and other escapades; the future – portion set aside for investment; and cushion – money for emergencies. You want to ensure there is money for each of this categories and if you are so inclined, you could send some of it to charity. Pay off Debts If you have any debts, this is the best time to pay them off. You may never have cash of this magnitude again and so you want to be free of any encumberment. Also, note that you don’t have to make advance payments just because you have the cash. If your mortgage is payable in five years, you could invest this cash into a plan equivalent of this period then take out potions of it to pay off the mortgage as it becomes due. An expert advises on thinking income instead of assets. Think of the inheritance as a certain amount of money for the next so many years instead of a lump sum – say $40,000 a year instead of $1.2 million. This perspective helps when planning on his to spend your new wealth. Fund an Idea You may not have a solid business plan but others could, and so here is your chance to be a venture capitalist. It comes with its tax benefits too, so you will be saving some and making money at the same time. There is no shortage of ventures that could use funding, such as upcoming web design firms that offer futuristic solutions. Have Fun! While making all these plans, don’t forget to have fun! You don’t have to live in squalor because you are too scared to spend what you have already earned. As long as the future is secure, you can have fun with what’s left.

  Sep 20, 2018 57073
• 02 Jul 2018
  5 Things to Avoid when Hitting the Gym for the First Time

  If you haven’t been working out for a while and plan to get back at it, your body will punish you. All those grilled wings you have been chowing down will come back to haunt you and you will probably want to quit a million times, but then again winners never quit. While it is not be easy, having the right attitude and managing your expectations will do you a lot of good. You may want to avoid these things: Inadequate Hydration You already know that you will sweat buckets, so you want to drink enough water before, during, and after a workout to avoid feeling woozy. You know how you get to the end of one set (with three to go) and feel as though you can’t do any more? It could be a result of dehydration. A study done on athletes showed that performance is impaired when you are dehydrated with as little as 2% of your body weight. So, do us all a favor and keep a bottle of water close. Working out Alone Okay, let’s agree on one thing: personal trainers are slave drivers. They will make you do weird HIIT workouts that will leave you fighting to keep your heart in your chest, but they are a necessary evil. They will hold your hand (uumm, not really-more like demand that you hold a plank for eternity), and show you complex workouts that will give you results in due time. Of course, consistency is key, followed closely by a clean diet. Doing Too Much It’s only day one, cowboy, so stop showing off, or you will suffer serious DOMS! DOMS (Delayed Onset Muscle Soreness) is just a fancy abbreviation for the worst pain you have ever felt after a strenuous workout session. It will typically last 24 -72 hours after a workout, and you will only feel the pain when you exert pressure on that part of your body. PS. Leg day will have you singing in strange languages when taking the stairs or God forbid, squat to do that all-important business in the you-know-where. You’re welcome. Failing to Stretch Stretching is not for sissies. Naaa. Get your stretch on if you hope to walk normally after a proper leg workout. When muscles are in recovery, they tend to get a bit tight, and stretching gently will loosen them. You can opt for a massage which will not only ease the soreness but also improve blood circulation to nourish your aching muscles and lead to faster healing.  Miss the Next Workout Work out, Rest, Repeat: let that be your new normal, and then find a notary lawyer near you to commit this to paper. Kidding!   You didn’t suffer all that pain on day one only to start all over again in a week. People whose bodies look like they were sculpted by the gods work out more than once a week. They are consistent and focused. They also eat to burn fat (topic for another day). So, see you at the gym?  

  4155 Posted by Ivan Serrano
• By Ivan Serrano

  5 Things to Avoid when Hitting the Gym for the First Time

  If you haven’t been working out for a while and plan to get back at it, your body will punish you. All those grilled wings you have been chowing down will come back to haunt you and you will probably want to quit a million times, but then again winners never quit. While it is not be easy, having the right attitude and managing your expectations will do you a lot of good. You may want to avoid these things: Inadequate Hydration You already know that you will sweat buckets, so you want to drink enough water before, during, and after a workout to avoid feeling woozy. You know how you get to the end of one set (with three to go) and feel as though you can’t do any more? It could be a result of dehydration. A study done on athletes showed that performance is impaired when you are dehydrated with as little as 2% of your body weight. So, do us all a favor and keep a bottle of water close. Working out Alone Okay, let’s agree on one thing: personal trainers are slave drivers. They will make you do weird HIIT workouts that will leave you fighting to keep your heart in your chest, but they are a necessary evil. They will hold your hand (uumm, not really-more like demand that you hold a plank for eternity), and show you complex workouts that will give you results in due time. Of course, consistency is key, followed closely by a clean diet. Doing Too Much It’s only day one, cowboy, so stop showing off, or you will suffer serious DOMS! DOMS (Delayed Onset Muscle Soreness) is just a fancy abbreviation for the worst pain you have ever felt after a strenuous workout session. It will typically last 24 -72 hours after a workout, and you will only feel the pain when you exert pressure on that part of your body. PS. Leg day will have you singing in strange languages when taking the stairs or God forbid, squat to do that all-important business in the you-know-where. You’re welcome. Failing to Stretch Stretching is not for sissies. Naaa. Get your stretch on if you hope to walk normally after a proper leg workout. When muscles are in recovery, they tend to get a bit tight, and stretching gently will loosen them. You can opt for a massage which will not only ease the soreness but also improve blood circulation to nourish your aching muscles and lead to faster healing.  Miss the Next Workout Work out, Rest, Repeat: let that be your new normal, and then find a notary lawyer near you to commit this to paper. Kidding!   You didn’t suffer all that pain on day one only to start all over again in a week. People whose bodies look like they were sculpted by the gods work out more than once a week. They are consistent and focused. They also eat to burn fat (topic for another day). So, see you at the gym?  

  Jul 02, 2018 4155